Purple Group is the new Red.After listening to comments on BD TV,
the Analysists said its a Meme Stock with a PE over 40.
With this latest falling Knife, the PE should drop.
But we will have to wait and see.
Why this company is burning cash - I'm not certain.
Is the Valuation correct at these levels?
Or must I take the Pain and Sell or Hold?
Your thoughts and comments are welcome.
Disappointing Regards.
Graham.
